Green Star Products Unveils Advanced Biodiesel Reactor
May 23 2006 - 9:30AM
Business Wire
Green Star Products, Inc. (OTC:GSPI) (GreenStarUSA.com) announced
today that they have developed and successfully commercially tested
their advanced biodiesel reactor. GSPI reactors require an amazing
two minutes to complete the biodiesel conversion reaction versus
over one hour for the rest of the industry. This means that GSPI's
processing rate through the reactor is at least 30 times faster
than the rest of the biodiesel industry. Mr. LaStella, President of
GSPI, stated, "Three different sizes of the proprietary biodiesel
reactors were tested from January 2005 through February 2006 at the
Bakersfield Biodiesel Plant Facility. The largest reactor was rated
at 10-million GPYC (gallons per year capacity) and was operated
from August 2005 through February 2006." Mr. LaStella further
stated, "The reactor's capability is revolutionary. Most biodiesel
plants processes require from one to one-and-a-half hours for
complete chemical reactions to take place between vegetable oil,
alcohol (methanol) and the catalyst. The GSPI reactors take less
than two minutes to complete the reactions. Furthermore, the
advanced engineering design incorporates an inexpensive
construction method to produce these reactors. The basic production
cost to build them has been reduced to only $30,000 per reactor for
a 10-million GPYC module. Smaller units will cost even less. This
major engineering breakthrough will significantly reduce the costs
and time to build biodiesel plants. The balance of the
infrastructure--which includes land, building, electrical, storage
facilities, railroad access and final cleanup of biodiesel--will
still be required." Mr. LaStella further noted, "Most biodiesel
plants also need large amounts of water to clean the biodiesel
after completion of initial reaction conversion to attain quality
ASTM grade biodiesel. GSPI also has been using a proprietary
Waterless Biodiesel Cleanup System since December 2003 at the
Bakersfield facility. GSPI'S cleanup system negates the need for
complex permits and significantly reduces construction expenditures
associated with washing systems normally used in the industry."
Since GSPI's Continuous Flow Biodiesel Production (CFBP) system is
completely enclosed and waterless, it greatly reduces the time to
secure construction permits, which can take a year or longer to
obtain. Mr. LaStella points out that California is probably the
toughest state to obtain air and water discharge permits. Recently,
the GSPI CFBP system received the permits to construct a biodiesel
plant in California in only eight weeks. Since many cities and
towns across the U.S. do not have the expertise to evaluate new
biodiesel plants being built in their jurisdiction, they have
welcomed the California permit package to save them the need to
research this emerging biodiesel technology and save GSPI the time
to receive these valuable permits. The new reactors operated for 14
months in Bakersfield under secrecy for security reasons. Only a
handful of prospective technical and financial parties were invited
to tour the plant at Bakersfield (under non-disclosure agreements).
These reactors have been and always will be built and operated by
GSPI personnel in all present and future plants to protect the
intellectual property. These important proprietary elements of the
GSPI "continuous flow waterless process" make it possible for the
construction of future plants to be within 14-18 weeks versus 14-18
months as the industry standard is today. The capital cost factor
for GSPI plants are in the range of at least 60% less than most
biodiesel plants now being built throughout the industry. GSPI is
currently expanding its technical staff to build several biodiesel
plants simultaneously. Please see GSPI press release dated May 15,
2006 entitled "Green Star Products to Construct Total
Bio-Refineries." Green Star Products, Inc. (OTC:GSPI) is an
environmentally friendly company dedicated to creating innovative,
cost-effective products to improve the quality of life and clean up
the environment. Green Star Products is involved in the production
of renewable clean-burning biodiesel and other products, including
lubricants, additives and devices that reduce emissions and improve
fuel economy in vehicles, machinery and power plants. For more
information, see Green Star Products' Website at
http://www.GreenStarUSA.com, or call Investor Relations at
619-864-4010, fax 619-789-4743, or email info@GreenStarUSA.com.
Information about trading prices and volume can be obtained at
several Internet sites, including http://www.bloomberg.com and
http://www.bigcharts.com under the ticker symbol "GSPI".
Forward-looking statements in the release are made pursuant to the
"safe harbor" provisions of the Private Securities Litigation
Reform Act of 1995. Investors are cautioned that such
forward-looking statements involve risks and uncertainties,
including without limitation, continued acceptance of the company's
products, increased levels of competition for the company, new
products and technological changes, the company's dependence on
third-party suppliers, and other risks detailed from time to time
in the company's periodic filings with the Securities and Exchange
Commission.
Green Star Products (PK) (USOTC:GSPI)
Historical Stock Chart
From Jun 2024 to Jul 2024
Green Star Products (PK) (USOTC:GSPI)
Historical Stock Chart
From Jul 2023 to Jul 2024